Forex DIFFERENT pairs trading question ............ | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

Forex DIFFERENT pairs trading question ............

  #5 (permalink)

Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,851 since Oct 2009
Thanks: 3,422 given, 4,863 received


md1933 View Post
I want to make sure I understand the UN-COREELATION on two different Forex pairs please:

So so long as the Two Pairs are nearly 100% Un-Correlated , can you still profit from the two pairs , via being Long one and short the other ?
Since they are nearly to 100% Un-Correlated, this seems to make sense ?

Thank you for the help

You can't find pairs that are negatively correlated at -100%. Take the EUR/USD it is said to be almost always negatively correlated to the USD/CHF but in reality the negative correlation hovers around -85%. But to be sure, serve yourself and visit this page at Oanda:

https://www.oanda.com/forex-trading/analysis/currency-correlation

Reply With Quote
The following user says Thank You to trendisyourfriend for this post: